Qihoo pays record price for full rights to 360 domain

Is the domain name 360.com more valuable than sex.com? For Qihoo 360 Technology Co Ltd, the answer is yes.

Silk Road Fund gets up and running with key team in place

China's $40 billion Silk Road Fund is moving forward steadily as its management team has taken shape.

Letter ups the ante in garlic dispute

Garlic farmers in Lanling county, Shandong province, have urged South Korean President Park Geun-hye to intervene in a dispute between the Chinese sellers and South Korean importers.

E-commerce wave threatens to engulf small businesses

Hunched over the counter of his tiny, gadget-filled stall in Beijing's vast Hailong Electronics City, Wang Ning bemoans a week without a single sale.

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Governments and policies

Quotes of the day

Shanghai Disney to open doors next year

The opening of Shanghai Disney, previously expected to be at the end of this year, has been postponed until next spring, according to Robert Iger, chief executive of The Walt Disney Co.

Nuclear firms to combine

The successful restructuring of the rail sector and the relatively smooth progress in the impending merger of China's top two nuclear power firms are set to give new impetus for further restructuring of State-owned enterprises, industry experts said on Wednesday.

Guangzhou developer to step up soccer input

Despite the industrial slowdown, real estate developer Guangzhou R&F Properties Co will step up its investment in soccer, aiming to become a domestic power in the sports sector in the future, a top company official said on Wednesday.

Officials vow to plug tax loopholes

Steps aim to upgrade systemand raise level of global cooperation

Technology giants in flap over gift envelopes

But today, receiving or sending a money gift is just a tap away after the launch of virtual red envelope services by Internet giants.

Capital account shifts into the red

The nation posted a deficit of $96 billion under its capital and financial account last year, larger than the $31.8 billion recorded in 2012, underscoring a shift to increasing outbound investment, data from the State Administration of Foreign Exchange showed on Tuesday.